Research On The Reform And Innovation Of Corporation Pension System

China is accelerating the optimization of the pension insurance system and shaping it.The reform of the corporation pension system has been fruitful in recent years,but as the second pillar of China's multi-level social security system,it is currently facing bottlenecks such as slow growth in the number of participating enterprises and employees,narrow coverage,and uneven development of regions and industries,which restrict the continued growth of the overall scale of corporation pension in China.From the perspective of investment income,the overall investment income level of China's corporation pension is lower than that of developed countries.In the future,China's corporation pension system needs further reform.This paper reviews the development stages of China's corporation pension,and describes the development of China's corporation pension system after the introduction of a series of regulations(such as the 2004 corporation pension trial method),and the problems of narrow coverage and complex governance structure in the current development.In-depth analysis,and introduced the advanced experience of foreign corporation pension system construction.Based on the introduction of the new "corporation pension Measures" in 2018,and based on the international experience,this paper proposes corresponding policy recommendations for the next stage of corporation pension system reform:First,further expand the coverage of corporation pension,gradually implement the "Auto Enrollment" mechanism,vigorously develop the Collective Pension;Second,accelerate the reform of corporation pension investment management,investment scope,introduce qualified default investment alternative represented by life cycle funds;Third,optimize corporation pension governance structure,and shorten its vesting period,improve transfer and continuation,and then all supervisors will cooperate with prudential supervision;Fourth,further improve the multi-level pension security system,reduce the basic pension contribution rate of the first pillar,and integrate tax incentives to make room for the development of corporation pension.